I know very little about trust. If a member has a trust, do all their assets go into the trust, or do they designate which go in. With the new tax laws, we are to identify if someone has a trust. I am not clear ...
Here are some more terms you will want to familiarize yourself with to better understand the forms you'll be handling when you prepare your investment club taxes: Tax Lot If you have purchased a stock at several different times, including purchases you make each time ...
Our club loves bivio as well. Our brokerage is Etrade and we're very satisfied dealing with them. Linda Macdougall Tacoma Oddlot Ladies In a message dated 2/16/2019 6:19:23 PM Pacific Standard Time, user*30009800001@bivio.com writes: Ditto Sent from Yahoo Mail on Android On Sun, Feb 17, ...
Yes please. In a message dated 2/12/2019 2:27:15 PM Central Standard Time, user*13764000001@bivio.com writes: Carol, here is Mary Jo's response to my original question. "TD Ameritrade. We just started our club and they were the only brokerage firm that would open an investment club account ...
Do clubs in Indiana have to file state income taxes? We have a member who moved to Indiana but joins us online, so we need to know if we have to file taxes for her. Phyllis Woodring Model Investment Club of Northern Virginia Do what ...
I have no idea. The previous treasurer had cancer and died so I was unable to find out how we got here. When I took over as treasurer I wrote a letter to Computershare to ask them to send the information to me. I was ...
While recently seeking the correct form to update our club roster with our broker, I learned that our broker (Schwab) no longer opens new investment clubs or provides the support they once did for established accounts. Our club is grandfathered but it will be more ...
Our club owns AMT (a REIT) and each year I allocate the dividend as Qualified or Ordinary in Bivio after I receive the 1099. This year the 1099 shows the dividend as Qualified or Section 199A. Section 199A is not a selection in Bivio's drop ...
Susanne, I have been the "Treasurer for Life" in two Club and we both use Foliofn. What we/I like about Folio are 1) No brokerage fee, 2) Purchase in fractional shares so you can invest all your monthly contributions, 3) unlimited window trades, they trade ...